Cboe Canada Adds Harvest ETFs as Newest Issuer
Cboe Canada has welcomed Harvest ETFs as its newest ETF issuer. It is a new addition to Canada’s growing ETF reach. It gives Canadian investors access to varied investment strategies through a regulated and accessible exchange.
Details of the Listing
Harvest ETFs listed two new ETFs on Cboe Canada:
- Harvest Equal Weight Global Utilities Income ETF (Ticker: HUTL)
- Harvest Equal Weight Global REIT Leaders Income ETF (Ticker: HGRL)
HUTL focuses on global utilities companies. It offers monthly income through covered call strategies. HGRL targets leading global real estate investment trusts (REITs), also using an income-generating structure. Both ETFs offer exposure to defensive sectors.
Cboe Canada’s Expansion
Cboe Canada, formerly known as the NEO Exchange, is a Canadian marketplace under the global Cboe Global Markets group. It lists innovative products and improves market accessibility. Cboe Canada expands its product lineup by bringing in new issuers like Harvest ETFs.
Who is Harvest ETFs?
Harvest Portfolios Group Inc., known as Harvest ETFs, is a Canadian investment management firm. It was founded in 2009. The enterprise specializes in equity income ETFs for long-term growth and monthly income. As of early 2024, Harvest ETFs manages over $3.7 billion in assets. It offers multiple thematic ETFs covering sectors such as healthcare, technology, and travel, as well as structured call-option strategies.
Benefits for Traders
This addition will have these benefits:
More ETF Options
Users have two new ETFs focused on global utilities and REITs. It adds to their portfolio diversification options, especially for those seeking stable sectors with income potential.
Improved Access to Income Strategies
Both ETFs use covered call strategies to generate monthly income. This appeals to income-focused investors looking for predictable cash flow from equity-based products.
Platform Diversification
Harvest ETFs on Cboe Canada reduce reliance on a single exchange. Investors can choose their preferred trading venue based on fees, speed, and tools available.
Broader Sector Exposure
These ETFs focus on global utilities and real estate. These two sectors offer defensive characteristics. Investors looking for global exposure beyond Canadian markets gain easy access.
Summing Up
Harvest ETFs joining Cboe Canada is a push for growth and issuer diversity. Investors now have easier access to Harvest’s equity income strategies through a new platform.
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